Titan Investment Solutions Ltd Makes New $12.78 Million Investment in Waste Management, Inc. $WM

Titan Investment Solutions Ltd acquired a new position in Waste Management, Inc. (NYSE:WM) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 58,159 shares of the business services provider’s stock, valued at approximately $12,778,000. Waste Management comprises 1.5% of Titan Investment Solutions Ltd’s holdings, making the stock its 26th largest holding.

A number of other hedge funds also recently modified their holdings of the company. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Waste Management during the 4th quarter worth approximately $10,206,000. Capital Advisors Inc. OK raised its position in Waste Management by 2.0% in the 4th quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after purchasing an additional 3,880 shares during the last quarter. Central Bank & Trust Co. raised its position in Waste Management by 333.1% in the 4th quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock valued at $1,855,000 after purchasing an additional 6,493 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Waste Management by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock valued at $173,774,000 after purchasing an additional 104,843 shares during the last quarter. Finally, Goodman Financial Corp bought a new position in Waste Management in the 4th quarter valued at $16,898,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.2%

NYSE WM opened at $219.12 on Friday. The stock has a fifty day moving average of $222.77 and a 200-day moving average of $224.68. The stock has a market capitalization of $87.99 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.29 and a beta of 0.45. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s dividend payout ratio is currently 54.70%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WM. Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Wolfe Research began coverage on Waste Management in a research report on Friday, March 13th. They issued a “peer perform” rating for the company. Barclays lifted their price objective on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Robert W. Baird lifted their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, Wells Fargo & Company lowered their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.30.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.